Posted May 1, 2014, 12:40 AM
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Join Date: Aug 2006
Location: Downtown Los Angeles
Posts: 20,579
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Australian investment group steps in to complete UTOPIA
By Madeleine Brown, Deseret News
http://www.deseretnews.com/article/86560...t-group-steps-in-to-complete-UTOPIA.html
SALT LAKE CITY — After more than a decade, the original vision for Utah’s fiber-optic network project UTOPIA may finally be realized, thanks to an Australian investment group.
Sydney-based Macquarie Capital Group wants to finish building the network that has been plagued by inconsistent financing and construction.
The idea for the Utah Telecommunications Open Infrastructure Agency began 12 years ago to bring high Internet speeds — as fast as 1 gigabit per second — to individuals and businesses.
The 11 cities that originally signed on with UTOPIA and now will decide whether to opt in to Macquarie's proposal are Brigham City, Centerville, Layton, Lindon, Midvale, Murray, Orem, Payson, Perry, Tremonton and West Valley City.
“One of the big potential advantages to this proposal is it would build up a whole system, and the system would finally have the scale of connections, and therefore customers, that would be able to fulfill the vision that it was originally started with,” said Wayne Pyle, West Valley city manager and chairman of the UTOPIA board of trustees...
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